India's core eight infrastructure sectors expanded by 6% from a year ago in February, the slowest pace in the past three months, according to government data released on Friday.
This marks a deceleration from January's 8.9% growth and a slight improvement from February 2022's 5.9% expansion.
According to the ministry of commerce and industry data, growth was reported across all segments, barring crude oil. So far in FY23 (April-February), the eight infrastructure sectors-coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity-witnessed 7.8% growth against 11.1% in the year-ago period.
Production of coal rose by 8.5%, natural gas (3.2%), refinery products (3.3%), fertilizer (22.2%), cement (7.3%), and electricity by 7.6%. Crude oil production, however, declined by 4.9% in February 2023 from a year earlier.
Core sectors, or key infrastructure industries, which have 40.27% weight in the index of industrial production (IIP), will have a bearing on the industrial production data for the month.
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